Unemployment Rates in European Union in July 2013 12Sep

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According to Eurostat data, the unemployment rate in European Union (EU) increased to 11.0% in July 2013 from 10.5% in July 2012. The unemployed men and women were 26.654 million. The euro area seasonally-adjusted unemployment rate was 12.1% in July 2013, compared to 11.5% a year earlier.

The highest rates were observed in Greece – 27.6% (as of May 2013) and Spain with 26.3%. Austria had the lowest unemployment – 4.8%, followed by Germany with 5.3% and Luxembourg with 5.7%.

In July 2013, the sharpest year-on-year increase was registered in Cyprus where the unemployment rate rose to 17.3% from 12.2%, in Greece to 27.6% (May 2013) from 23.8% (May 2012) and in the Netherlands to 7.3% from 5.3%. On the other side, the unemployment rate shrank most notably in Latvia to 11.5% from 15.7% and Estonia to 7.9% from 10.1%.

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* May 2013 **June 2013 ***Q2 2013

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